Nonprofit Law and Governance For Dummies

As the number and size of nonprofit organizations continues to
grow, NFPs are coming under ever-increasing government scrutiny.
Soon Congress will require that nonprofits comply with rigorous
accounting and governance standards very similar to those set forth
for for-profits in the Sarbanes-Oxley Act.

If you work for a nonprofit and are concerned about meeting
impending changes to tax and finance standards governing NFPs this
book is for you. In simple, straight-forward language, this guide
demystifies the often perplexing world of nonprofit governance in
the age of Sarbanes-Oxley. Author, Jill Gilbert Welytok, an
attorney who heads the Sarbanes-Oxley division of a major Midwest
law firm, walks you step-by-step through the process of evaluating
your governance structures. She arms you with tips and strategies
for adopting uniform standards under current governance and tax
laws, while preparing you for any upcoming changes. She shows you
how to protect your tax status and reassure donors and volunteers
while staying true to your organization’s mission. And she
fills you in on what you need to know to:

Comply with state laws and regulations

Get and keep tax–exempt status

Avoid lawsuits and other legal landmines

Handle the media

Anticipate future trends

Make sense of the Sarbanes–Oxley act

Including sample nonprofit bylaws and a complete audit committee
report, Nonprofit Law & Governance for Dummies, Second
Edition is an indispensable survival tool for 21st
century nonprofits.

Jill Gilbert Welytok, JD, CPA, LLM, practices in the areas
of corporate law, nonprofit law, and intellectual property. She is
the founder of Absolute Technology Law Group, LLC
(www.abtechlaw.com). She went to law school at DePaul University in
Chicago, where she was on the Law Review, and picked up a Masters
Degree in Computer Science from Marquette University in Wisconsin
where she now lives. Ms. Welytok also has an LLM in Taxation from
DePaul. She was formerly a tax consultant with the predecessor firm
to Ernst & Young. She frequently speaks on nonprofit, corporate
governance–taxation issues and will probably come to speak to
your company or organization if you invite her. You may e-mail her
with questions you have about Sarbanes-Oxley or anything else in
this book at jwelytok@abtechlaw.com. You can find updates to this
book and ongoing information about SOX developments at the
author’s website located at www.abtechlaw.com.

Daniel S. Welytok, JD, LLM, is a partner in the business
practice group of Whyte Hirschboeck Dudek S.C., where he
concentrates in the areas of taxation and business law. Dan advises
clients on strategic planning, federal and state tax issues,
transactional matters, and employee benefits. He represents clients
before the IRS and state taxing authorities concerning audits, tax
controversies, and offers in compromise. He has served in various
leadership roles in the American Bar Association and as Great Lakes
Area liaison with the IRS. He can be reached at dsw@whdlaw.com.

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